New Build Part Exchange - Moving the goalsposts

saajan_12

gv1977 said:

saajan_12 said:

gv1977 said:

There is nothing in the T&Cs regarding having to wait for our house to exchange, the only thing mentioned is that they can renegotiate the price following the survey, which they have not done.  I don't have legal knowledge of part exchange; can they legally accept an offer on our property if they haven't part exchanged?  It does mention on the T&Cs that we are liable to pay 2% of the house price sale if we pull out once a sale has been agreed, I get the feeling they are trying to take us down this route.  If this is no longer a part exchange is that them changing T&Cs, and if so should we insist on having new T&Cs, we have had no formal communication, only a very brief phone call.

Need the full terms, as "nothing in the T&Cs regarding having to wait" for X isn't the same as "will proceed before" X. The timing could all be at their option, in which case they can choose to wait forever. That would be poor terms for you, but terms you signed up to nevertheless.

Can you put your house on the market yourself and exchange in a chain as usual? Depends on the T&Cs if there are any time limits though. 

Can't seem to put a screen clip in her, but the document we signed stated:
Price remains valid until: 23/06/2024
Reservation date: 12/05/2024
Contract to be exchanged by: 23/06/2024
Reservation expiry date: left blank
We have completed everything required our side, but the developer has said we could not complete by that date and following receiving the survey would need to wait until our house has exchanged before we could exchange.

ok, and what does the rest of the text say?